Xpeng president Wang Fengying becomes shareholder as 1.65 million shares vest

CnEVPost05-09 16:12

After joining Xpeng in 2023, Wang steered the company out of a slump and achieved substantial sales growth. These Xpeng stock incentives are worth about $13 million. (Xpeng president Wang Fengying (...

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Image credit: Xpeng)\nXpeng (NYSE: XPEV) president Wang Fengying has been added to the company's shareholder register after helping reverse a downturn in sales.\nAs of March 31, 2026, the 55-year-old Wang held 1.65 million Class A ordinary shares of Xpeng, representing a 0.1% stake in the company, according to the annual report disclosed by Xpeng last month.\nBased on the May 8 closing price of $15.62 for Xpeng's American Depositary Receipts (ADRs), these shares are valued at about $13 million. Each Xpeng ADR represents two Class A ordinary shares.\n\n\nJoin us on \nTelegram\n or \nGoogle News\n\n\nNotably, the incentive was approved as early as March 2023, just two months after she officially took over as Xpeng's president.\nUnder the company's incentive rules, the equity grant came with a three-year service condition, requiring Wang to remain continuously employed at Xpeng for three full years before it could fully vest.\nIn March 2026, after the vesting conditions were met, the incentive was officially granted, and Wang thereby became a registered shareholder of Xpeng.\nWhen she joined Xpeng in January 2023, the automaker was at its lowest point since its founding nine years prior, with monthly deliveries falling below 10,000 units for consecutive months.\nFrom 2023 to the present, Wang has spearheaded the restructuring of products, sales channels, and branding, driving the company's annual sales from 120,800 units to 429,400 units in 2025.\nAlong with the sales growth, Xpeng's financial situation reached a historic turning point at the end of 2025.\nIn the fourth quarter of 2025, Xpeng's revenue reached 22.25 billion yuan, and it recorded a GAAP net profit of 383 million yuan, marking its first-ever quarterly profit.\nPrior to joining Xpeng, Wang worked at GWM (HKG: 2333) for 30 years, rising through the ranks to become the \"number two\" figure, second only to founder Wei Jianjun.\nDespite earning a top-tier salary in the industry, Wang held zero shares during her tenure at GWM.\nIn 2019, GWM proposed an equity incentive draft plan to grant Wang 3.3 million restricted shares, but the proposal ultimately failed to pass the shareholders' meeting.\nIn June 2022, one month after resigning as GWM's general manager, Wang dipped into her own pocket to purchase 2.475 million Hong Kong-listed shares of GWM through the open market, according to multiple media reports.\nIn China's fiercely competitive new energy vehicle (NEV) industry, emerging automakers widely adopt a high salary plus high incentive model, deeply tying core executives to the company through equity.\n\n\n\n\n\n\n\n\n\nXpeng reports April sales drop as it bets on new flagship SUV\nXpeng delivered 31,011 vehicles in April, with its year-on-year decline narrowing and marking a 13% month-on-month increase.\n\n\nXpeng\nMay 1, 2026\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n($1 = 6.8000 yuan)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2634249796","isCrawlerRequest":true}